facebook
twitter
rss
account
search
search
 

Retail sales volume slips in Britain

April 18, 2013 at 9:20 AM   |   Comments

LONDON, April 18 (UPI) -- Retail volume in Britain slipped 0.5 percent on a seasonally adjusted 12-month basis in March, the Office for National Statistics said Thursday.

It was the second decline in year-over-year growth since August 2011, but it follows a strong gain of 2.5 percent in February, ONS said. It was also roughly in line with expectations.

Economists had predicted a drop of 0.6 percent.

From February, sales slipped 0.7 percent. Analysts had expected a month-to-month decline of 0.8 percent.

The ONS said March was the second coldest in Britain on record, "and this appears to have had a negative effect on sales in the non-food sector," the agency said.

For the month, sales value or the amount spent rose 0.1 percent over March 2012 with the strongest gains coming from food sales and non-store retailers, which means Internet and catalog sales.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
3
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
4
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
5
Warren Buffett loses $2 billion in 2 days on investments Warren Buffett loses $2 billion in 2 days on investments
Trending News
Around the Web
x
Feedback